sebi:Order/GR/PU/2021-22/15323
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Facts / Headnote
Penalty imposed on the Noticee for violation of PFUTP Regulations, 2003
Provisions invoked
- s. 15
- s. 19
- s. 15H
- s. 15J
- s. 15F
- s. 28A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 2
- Reg. 3(a)
- Reg. 2(1)
- Reg. 2(1)(c)(8)
Parties
- Gladiolus Traders Pvt. Ltd. (PAN-AACCG4243Q)
Holding
The Noticee violated Regulations 3(a), (b), (c), (d), 4(1) and 4(2)(a) of the PFUTP Regulations, 2003 by executing 32 non-genuine reversal trades in 11 stock option contracts at BSE, creating artificial volume of 5,304,000 units, and a penalty of Rs. 5,00,000 was imposed under Section 15HA of the SEBI Act.
Full text
_____________________________________________________________________ Adjudication Order in respect of Gladiolus Traders Pvt. Ltd. in the matter of illiquid Stock Options at BSE
_____________________________________________________________________ Adjudication Order in respect of Gladiolus Traders Pvt. Ltd. in the matter of illiquid Stock Options at BSE
_____________________________________________________________________ Adjudication Order in respect of Gladiolus Traders Pvt. Ltd. in the matter of illiquid Stock Options at BSE
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Source: SecMarx — sebi:Order/GR/PU/2021-22/15323. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.